Related Keywords: branded apparels, branded garments put under luxury tax slab, every labeled garment is branded, GST, Implementation of Goods and Services tax, may get costlier, other finished textile products, rise at least three to four percent, textiles coming under merit list of GST, value chain
With the implementation of the goods and services tax (GST) that is expected by April 2017. According to industry and experts, tax incidence on branded apparels and other finished textile products could rise at least three-four percent, assuming textiles come under the merit list of GST with this branded apparel may get costlier.
